Federal Prosecutors Close Inquiry Into Polymarket Betting . . . Federal prosecutors in New York have dropped an investigation into Polymarket, the popular crypto-powered gambling website where users place bets on elections, a person familiar with the matter said
Prosecutors: 11 charged in illegal sports betting operation Prosecutors said the defendants operated the Red44 sports betting organization, which they said utilized an offshore server located in Costa Rica for its activities The 114-count indictment was filed in Birmingham and includes charges of tax evasion, conspiring to operate an illegal sports-betting organization and money laundering